Mutual Fund Management Industry Overview

Companies that provide the management and sale of mutual funds.

Summary

Mutual funds are booming. More than half of all personal investors in the US own some sort of mutual fund and have a significant (and growing) percentage of their assets invested in them. Demand continues to increase as fewer companies offer pension plans and investors build their nest eggs via 401(k) plans and IRAs.

Full Mutual Fund Management Industry Description

More Financial Services Firms Offer Planning

Rapid Industry Growth

The relaxation of regulations that separated brokerage, insurance, and banking has led to the creation of large financial services companies like Citicorp, Bank of America, AXA, and American Express that offer a large range of investment products. Such companies offer financial planning services to individuals in the hope of capturing all of the customer's financial business.

Although industry growth in the short run depends heavily on the performance of the stock market and interest rates, long-term growth has been high. The net assets of the industry almost tripled in the last 10 years to more than $10 trillion. The number of funds has been steady in recent years, at around 8,000.

Full Mutual Fund Management Industry Trends

• FMR LLC
• Massachusetts Financial Services Company
• Pioneer Investment Management USA Inc.

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Mutual Fund Management maps to a number of NAICS codes including:

Full Mutual Fund Management Industry Codes

• Financial Services Technology Consortium
  
• Investment Company Institute
  
• The Association of Private Client Investment Managers and Stockbrokers
  

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